For many years, Mario Andretti fought to return to Formula 1. After being champion in 1978 with his revolutionary Lotus, the American (one of the two to win the premier division, along with Phil Hill in 1961) tried to take his team to the top single-seater circus. Again and again he was rejected, until he decided to step aside and let him General Motorsowner of cadillactake the reins. With the acceptance of the proposal, now without the former pilot in the middle, the dance of the millions began.
The Italian-American, owner of Andretti Global, where he brings together teams from various categories including NASCAR and IndyCardecided last September to step aside from the project so that the Detroit giant can use its cards to enter the game. In addition, the team will be governed by the firm TWG Global, an investment fund that acquired Andretti Global and also contributed its role to the creation of the new structure.
So things are, Cadillac F1 Team It will enter the great Formula circus as the 11th team starting in 2026, with power units from Ferrari, and then it will be the manufacturer of its own engines from 2028. The possibilities of who the drivers will be, for the moment, are counted by thousands.
The cost of reaching the top category of world motorsport will not be low for General Motors and TWG. As “compensation”, they must pay a fee of US$ 450 million. This money will be distributed among the other ten teams, since the financial prize will not increase and will now be distributed with one more team.
Currently, the budget to be distributed is US$200 million, which represents a very strong increase for said season.
It is worth remembering that in 2026, in addition to adding a new member to the tracks, raising the number of drivers to 22, and the formal arrival of Audi to the division, the new technical regulations of Formula 1 will come into effect, which will increase, a priori, the attractiveness.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
